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Stock Market & Financial Investment News

News Breaks
January 7, 2014
06:22 EDTPLD, REXR, DCT, EGP, STAGIndustrial REIT sector upgraded to Overweight at Wells Fargo
Wells Fargo upgraded the Industrial REIT sector to Overweight from Market Weight on expectations rent growth will continue throughout 2014. The firm has Outperform ratings on shares of ProLogis (PLD) and Rexford Industrial (REXR), and Market Perform ratings on DCT Industrial (DCT), EastGroup Properties (EGP) and STAG Industrial (STAG).
News For PLD;REXR;DCT;EGP;STAG From The Last 14 Days
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August 26, 2014
05:35 EDTPLDPrologis announces Nippon Prologis REIT issuance of new investment units
Prologis announced that Japanese real estate investment trust Nippon Prologis REIT, or NPR, will issue new investment units. Prologis will retain its 15% ownership interest in NPR. NPR intends to use the net proceeds from the issuance, estimated at $374M, for the repayment of the bridge loans used to acquire five Class-A properties for approximately $448M. The properties will be acquired from Prologis' wholly owned Japan portfolio. The assets, totaling approximately 2.4M square feet, were offered to NPR through its sponsor support agreement with Prologis. The acquisition is expected to close September 1 in Japan. NPR is managed by a wholly owned subsidiary of Prologis.
August 22, 2014
10:01 EDTDCTOn The Fly: Analyst Downgrade Summary
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08:51 EDTDCTDCT Industrial downgraded at BMO Capital
As noted earlier, BMO Capital downgraded DCT to Market Perform from Outperform. The firm thinks that industrial operating fundamentals are likely at peak levels, while the downside risk of increased supply continues to grow and other property types are more attractive.
06:31 EDTDCTDCT Industrial downgraded to Market Perform from Outperform at BMO Capital
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